India Emerges as Top Investment Hub for Europe: Report
India offers stronger growth and investment opportunities than China for European firms, according to a Euractiv report.
New Delhi, July 23 (IANS) With investments in China no longer turning out to be profitable due to the overcapacity in the economy with excessive competition that has triggered price wars, India is a much better destination to invest for European companies, according to an article in the Euractiv.
The article highlights that profits have crashed not only for foreign companies but domestic Chinese companies as well due to the weak local demand for goods that has led to a glut in the markets.
“India offers what Europe needs and what China increasingly does not – a vast and fast-growing consumer market, rising household demand, and, crucially, a manufacturing base so underdeveloped that there is room to build rather than a saturated field to fight over,” states the article authored by Alicia Garcia Herrero.
